Cochin Shipyard to list on stock exchanges tomorrow

The initial share sale offer of Cochin Shipyard was oversubscribed 76.19 times during 1-3 August

|Aug 10, 2017, 16:09:19 IST

New Delhi: Cochin Shipyard, which saw strong demand from investors for its initial share sale offer, will list its shares on the bourses on Friday.[caption id="attachment_3915335" align="alignleft" width="380"] Reuters[/caption]The initial share sale offer of Cochin Shipyard was oversubscribed 76.19 times during 1-3 August.The portion reserved for qualified institutional buyers (QIBs) was oversubscribed 63.52 times, non institutional investors 288.87 times and retail investors 8.51 times.The IPO of Rs 1,468 crore of public sector unit Cochin Shipyard was in a price band of Rs 424-432.SBI Capital Markets, Edelweiss Financial Services and JM Financial Institutional Securities were the book running lead managers to the issue.

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